NMDC Q1 net profit rises marginally to ₹2,007 crore
Hyderabad: State-owned NMDC reported a nearly 2% year-on-year increase in standalone net profit to ₹2,007.40 crore for the June quarter.
The rise was supported by a 2% YoY jump in revenue from operations to ₹6,795.25 crore, the country’s largest iron ore producer said.
The company said it is maintaining production momentum. “The momentum is firmly underway towards achieving our target of 60 million tonnes of production in the current financial year and scaling up to 100 MT by 2030,” NMDC stated.
